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in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored the union's delphi pensions the uaw would go along with the bailout. gm agreed. >> when you heard the union pensions are being topped off you would think everybody would be treated fairly and equally. that was not the case. >> 20,000 salary delphi retirees got no pension bailout. many suspect they know why. >> the union had political connections and we do not. >> that's it? >> rose charges it was a simple political calculation a democratic president and his administration taking care of democratic ally organized neighbor. >> i believe in th
in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored...
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Nov 1, 2012
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. megyn: stu varney walks us through facts and fix with one of the hottest topics on the campaign trail with five days to go. new york city commuters enduring hours and hours -- normally we have an hour, hour and a half commute, that is not unusual for new yorkers. we are talking four, five hour commutes in bumper-to-bumper traffic to get in and do their jobs. like everyone else in the country the folks that work in manhattan need their paychecks. we are seeing vehicles packing the gas stations that still have fuel. some waiting in lines that are miles long but patients is not long it is short and it is getting shorter by the day. trace gallagher following the traffic nightmare, trace. >> reporter: before i show you more of the crazy pictures megyn and they are crazy i want to give you the problem in a nutshell, the new york metro area gets 25% of its gas from two refineries, those refineries are shut down. the new york harbor 20% comes through the new york harbor it's shut do
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. megyn: stu varney walks us through facts and fix with one of the hottest topics on the campaign trail with five days to go. new york city commuters enduring hours and hours -- normally we have an hour, hour and a half commute, that is not unusual for new yorkers. we are talking four, five hour commutes in bumper-to-bumper traffic to get in and do their jobs. like everyone else in the...
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Nov 4, 2012
11/12
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the president of gm came out -- >> afterward. >> -- and said wrong. they have just hammered romney on this. the poignant comment to make is the political media. when you get right down to saying something that's not true, particularly in the day of fact checkers, it's dangerous. >> i would argue, debra, the fact checkers have a less. in this ad the wording is very careful. sold chrysler to italians who are going to build jeeps in china. it doesn't say but implies that some of those are the american jobs. >> here's what sort of drives me crazy about this. i look them up. i look them up on the ad and he gives it four pinocchios and he writes, quote, technically correct but misleading. i don't know. if it's technically correct doesn't it mean it's a two-pinocchio thing or something? bill says we expect ads to be a little misleading. >> let me get a brief comment from you. >> the romney ad, second radio ad started. he said he saved the auto industry. for ohio or china. that is not -- you know what romney's trying to say. there's no doubt what he's trying
the president of gm came out -- >> afterward. >> -- and said wrong. they have just hammered romney on this. the poignant comment to make is the political media. when you get right down to saying something that's not true, particularly in the day of fact checkers, it's dangerous. >> i would argue, debra, the fact checkers have a less. in this ad the wording is very careful. sold chrysler to italians who are going to build jeeps in china. it doesn't say but implies that some of...
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that's a gm product that is the direct result of the president's intervention to bail out the automobile industry. >> as a former commander yourself, how do you think the president's done this week in terms of his role as commander in chief in what was really a national crisis? >> i think he's done extremely well in terms of his sympathy and empathy for the groups, his visit. i think he was smart not to go into new york city, where it's too congested, too many problems. i think he's also done well in terms of showing the power of the office by just the latest move of having the military assist in delivery of fuel. it also shows up the hollowness of governor romney, his flip-flopping. for example, on the issue of fema, he was suggesting months ago that maybe you don't need a federal emergency management agency, maybe you can just let each state fend for itself. now, imagine where we would be if someone had actually taken that advice and killed fema. you would have new york, new jersey, each fighting with each other for scarce resources, for fuel, for power, for electric line repair, compe
that's a gm product that is the direct result of the president's intervention to bail out the automobile industry. >> as a former commander yourself, how do you think the president's done this week in terms of his role as commander in chief in what was really a national crisis? >> i think he's done extremely well in terms of his sympathy and empathy for the groups, his visit. i think he was smart not to go into new york city, where it's too congested, too many problems. i think he's...
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Oct 31, 2012
10/12
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here is the free press, gm and chrysler, romney is wrong. republican presidential candidate mitt romney has broadened his attack on a barack obama's auto industry restructuring, implying a general motors used aid to hire more workers in china than the united states. it goes on to say that gm quickly defended its performance and said that romney is wrong on this. and here is the wall street journal on that story. even as mr. romney and mr. obama canceled a political appearances tuesday, the two campaigns -- escalated a heated exchange over mitt romney suggestion that the president also bailout had benefited china. he returned to pennsylvania in hopes of returning the momentum. the story wall street journal goes on to talk about that many have come out including those in the auto industry to say that the governor was wrong on this ad, that he is running in the state of ohio. we will talk about that more in about 10 minutes when reid wilson of the hot line joins us to talk about october surprises and all things campaign 2012. democratic caller,
here is the free press, gm and chrysler, romney is wrong. republican presidential candidate mitt romney has broadened his attack on a barack obama's auto industry restructuring, implying a general motors used aid to hire more workers in china than the united states. it goes on to say that gm quickly defended its performance and said that romney is wrong on this. and here is the wall street journal on that story. even as mr. romney and mr. obama canceled a political appearances tuesday, the two...
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Nov 1, 2012
11/12
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industry analysts think gm could soon put its foot on the break. opel is a big obstacle to their plans to roar back. >> good news for germany -- projections said the company will collect its highest tax revenues ever this year. the federal government as well as states and municipalities are said to take in a total of 602.4 billion euros, which beats earlier projections by almost 6 billion euros. the government says it will come close to balancing its budget next year. >> germany will pay out billions of tax reimbursements to foreign companies. that is in order to comply with a ruling from the european court of justice. >> the court found that foreign stockholders in germany paid too much in taxes on their dividends and ordered germany to rectify the situation. the payments are set to cost the treasury at least 3 billion euros. >> the german economics ministry has confirmed media reports that european and north african countries have begun negotiations on a mass of solar energy project in the sahara desert. >> the desert tech project would see solar
industry analysts think gm could soon put its foot on the break. opel is a big obstacle to their plans to roar back. >> good news for germany -- projections said the company will collect its highest tax revenues ever this year. the federal government as well as states and municipalities are said to take in a total of 602.4 billion euros, which beats earlier projections by almost 6 billion euros. the government says it will come close to balancing its budget next year. >> germany...
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Oct 31, 2012
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all other new jobs and if you're a gm worker are you grateful to obama? do you think you've worked hard so your company survived? at some point obama claiming credit for your job begins to get thin. >> greta: benghazi. we've spent a lot of time talking about it. and frankly there are a lot of remaining questions and nobody sort of set out what happened. we've got bits and pieces and weird stories about videos and we've had, it's an incomplete picture, other news organizations aren't particularly pursuing this. we are and a few others. i'm curious is benghazi an issue that is one that is in any way related to the voters have interest in it. >> and in terms of the election i was talking with senator ron johnson of wisconsin said every victory center he went to people were saying tell me about benghazi. people in ohio, people have been asking about benghazi. there is a rumor that two networks have i mails telling a counter trift group to stand down but they're a group in realtime trying to mobilize marines and c 130s and were told stand down, do nudging this
all other new jobs and if you're a gm worker are you grateful to obama? do you think you've worked hard so your company survived? at some point obama claiming credit for your job begins to get thin. >> greta: benghazi. we've spent a lot of time talking about it. and frankly there are a lot of remaining questions and nobody sort of set out what happened. we've got bits and pieces and weird stories about videos and we've had, it's an incomplete picture, other news organizations aren't...
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all other new jobs and if you're a gm worker are you grateful to obama? do you think you've worked hard so your company survived? at some point obama claiming credit for your job begins to get thin. >> greta: benghazi. we've spent a lot of time talking about it. and frankly there are a lot of remaining questions and nobody sort of set out what happened. we've got bits and pieces and weird stories about videos and we've had, it's an incomplete picture, other news organizations aren't particularly pursuing this. we are and a few others. i'm curious is benghazi an issue that is one that is in any way related to the voters have interest in it. >> and in terms of the election i was talking with senator ron johnson of wisconsin said every victory center he went to people were saying tell me about benghazi. people in ohio, people have been asking about benghazi. there is a rumor that two networks have i mails telling a counter trift group to stand down but they're a group in realtime trying to mobilize marines and c 130s and were told stand down, do nudging this
all other new jobs and if you're a gm worker are you grateful to obama? do you think you've worked hard so your company survived? at some point obama claiming credit for your job begins to get thin. >> greta: benghazi. we've spent a lot of time talking about it. and frankly there are a lot of remaining questions and nobody sort of set out what happened. we've got bits and pieces and weird stories about videos and we've had, it's an incomplete picture, other news organizations aren't...
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look, candy, it's not gm. it's chrysler, first of all. >> sorry. i'm sorry. >> jeep has said they're going to reopen a facility that was closed after daimlerchrysler, you know, broke apart years ago. it will be in china to produce for the chinese market, and that's all the ad says. there's nothing inaccurate about it. those jeeps are now being produced in america, and they're being exported to china in an asian market. >> the suggestion that the jobs are being exported has been denied by the auto companies. >> well, there's -- you know, that's a suggestion that you might want to make, but, you know, that's not what the ad said. i'm delight chrysler is making an investment, and fee at is making an investment in ohio. i'm supportive of that. it's great if they want to expand production here. i hope they will. the fact is that we now are proud to send to china, to estaz wra. we export about 25% of what we make here, and so if you're going to start production facilities overseas, obviously we're going to lose some of our exports here. that's all the ad
look, candy, it's not gm. it's chrysler, first of all. >> sorry. i'm sorry. >> jeep has said they're going to reopen a facility that was closed after daimlerchrysler, you know, broke apart years ago. it will be in china to produce for the chinese market, and that's all the ad says. there's nothing inaccurate about it. those jeeps are now being produced in america, and they're being exported to china in an asian market. >> the suggestion that the jobs are being exported has...
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Oct 31, 2012
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gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant, about 35 minutes from north toledo where a state-of-the-art facility was built about a decade ago with the support of a republican governor across northwest ohio and thousands and thousands of jobs were saved because of it. let me remind you, i know you know this, general motors and fiat which owns a share of chrysler which produces the iconic brand jeep are publicly traded corporations. with lives of workers at risk. and you are greeted by a television kwhescommercial suggg your job is about to be shipped to china. mitt romney knows it's not true and if he d
gm will invest $500 million into that plant, ed. he is lying in the beginning and he'll be lying all the way through this. >> i don't think the obama campaign could hand a better script to the romney people and say, here, do this and implode in the state of ohio but the question is, chris, what are you hearing out of toledo? are the people of ohio reacting to this and do you think these false ads are having an impact? >> oh, sure, i live right down the road from the jeep plant,...
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. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has benefited. neil: we can disagree on some fine points. thank you. very good. >> you have to agree that it is one of the real successes of this administration that they have turned this industry around . neil: i don't know about that. i don't know. the cost, or, for example, the way that bondholders were treated in the way that we redid contract law. >> everybody has to sacrifice. neil: not everyone did. not everyone did. well, we make history. i love you dearly, but we did redo a couple of things. it is very good having you austin. i appreciated. >> good to see you again. neil: in the meantime i want to sw
. >> look, i think that gm opening plants in china is great because it is more sales for gm. and the jeep was the first car sold in china, the fact that chrysler is going to produce more is also good. who cares who it is that came in tell rescue chrysler? there was no one else that wanted to take over. and that he has done a phenomenal job. he is canadian anyway. neil: there is that. i do like the italians. >> she has done a great job. neil: okay. >> the netting the u.s. has...
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back in 09 when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like its dayton area plants delphi shut down the employee pension plans handing them off to the federal government. >> when my pension went from 2,500 $50 a month guaranteed to the federal government saying you'll get $385 a month. >> and you spend years and years making your financial plan for retirement and going through all the numbers and wanting to live like you wanted to live and with your children and grandchildren, and then it gets taken away from you in a heartbeat. i feel absolutely betrayed. >> enter delphi's biggest auto parts customer gm and the obama administration's eagerness for a quick restructuring of the automaker, gm wanting labor peace agre
back in 09 when gm was getting bailed out delphi was going through bankruptcy and there were lots of employees salaried and union who were asking nervous questions about their pensions. >> how is our healthcare looking after retirement? how is our pension looking? everything is good. pension plan is well funded. >> we were told that everything was secure in your pension, and you plan on that for the rest of your life. >> until like its dayton area plants delphi shut down the...
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Nov 3, 2012
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> one of the most flagrantly dishonest ads i can remember in my political career. >> chrysler's ceo angrily denies that they are shipping jobs to china. >> they are adding jobs in toldeo. >> -- toledo. >> this was an act of not hail mary pass in ohio. this was an act of absolute desperation. obama is going to carry ohio, we got to do something -- don't do it, it is going to come back and bite us. it has. he is basically accusing the president of the united states with his bailout of plotting with gm and chrysler to send american jobs overseas to china. this is beyond a guide double parking outside in northridge on christmas -- >> if mark is correct and there was an internal fight in the campaign, and we think there had to be, because this is a hot pants on fire -- a pants on fire ad, the person who decides that in the end when there is that kind of a fight is the candidate. >> well -- >> no -- four years ago, mccain decided not to run ads on the jeremiah wright stuff.
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> one of the most flagrantly dishonest ads i can remember in my political career. >> chrysler's ceo angrily denies that they are shipping jobs to china. >> they are adding jobs in toldeo. >> -- toledo. >> this was an act of not hail mary pass in ohio. this was an act of absolute desperation. obama is going to carry ohio, we got to do something...
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Nov 1, 2012
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when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo marchionne says they're not moving jobs to china that is big town home town pamer news and when you as a candidate lie to the hometown crowd about the hometown news you cannot expect that lie to float. and it is not floating. the "columbus dispatch fact check" says, "oh, boy." cleveland plain dealer's er89 says "flailing in ohio romney rolls out jeep ploy." say what want about mr. romney's
when gm workers get transferred or walkway it's hometown news. in ohio it's your sister-in-law, it's your dad, it's you, right? look at this in the dleedo blade. the most read story today in the blade. in this town where mitt romney is running his madeup story about chrysler and jeep. number one, marchionne refutes romney's statement. would you know who this unidentified marchionne enough to make this the most popular story in your paper? the toledo blade knows who this is. when chrysler ceo...
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Nov 2, 2012
11/12
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it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called out on it. we have fact checkers and we have a great one here. i think everybody in the media is working especially in the final days to figure out what's true and what isn't. that's the reason ffs a significant risk. >> let me play what governor romney has said, david. i want to get your response. essaying don't look at the ads but the record. le met play what he said. >> look beyond the speeches and the attacks and the ads. look to the records toshgts accomplishments and the failures and judgments. word are cheap. >> the concern, at least i know for some democrats, is that this message of, hey, there
it's not praying with the facts when gm and chrysler both say it's not true unless you produce facts and we've not seen it from the romney campaign that jobs are going to china, that their aassertion is true. then the opposite of truth is what? >> well, i mean, that's absolutely the right question to be asking. look, we've seen a lot of things said over the course of this campaign, so it's possible that the campaign making the calculation, hey, we could ain and maybe not getting called...
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Oct 30, 2012
10/12
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WBAL
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obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> reporter: after independent fact checkers raised questions about the ad, chrysler issued their own statement, writing, jeep production will not be moved from the united states to china. it's inaccurate to suggest anything different. but the romney campaign stands by the ad, noting to nbc news, that chrysler ceo never disputed any actual facts in their ads. a couple things, the president still not campaigning on the campaign trail tomorrow, instead he will tour new jersey with governor christie tomorrow. mitt romney, is resuming a full campaign schedule tomorrow. he'll be in the battleground state of florida. >> thanks, chuck. >>> when we come back, back to our storm coverage, specifically, a moment of crisis for a big hospital that included a lot of newborns who needed to move quickly. [ dennis ] it only took two minutes for this town to be destroyed. to a little girl who lived through it, this is more than a tedd
obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> reporter: after independent fact checkers raised questions about the ad, chrysler issued their own statement, writing, jeep production will not be moved from the united states to china. it's inaccurate to suggest anything different. but the romney campaign stands by the ad, noting to nbc news, that chrysler ceo never disputed any actual facts in their ads. a couple things,...
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president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with us. >> joining me now, msnbc's joy reid and robert reich, former clinton labor secretary, university of california at berkeley economics professor, and author of "beyond outrage." joy reid, do you know florida? has no one told jeb bush this thing about his brother's lack of popularity with the american public? >> poor jeb keeps trying. he tried it at the convention too. he just tries to slip george in there every so often. >> you can't blame a brother, though. >> he loves his brother. you know, he keeps trying to get him back on the stage, and republicans
president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose $25 billion from the president's politically managed bankruptcy. these companies, chrysler in particular, we know their story, are now choosing to expand manufacturing overseas. these are the facts. >> remember the president talked about romnesia? well, it's contagious. congressman ryan. congressman ryan's caught it. let me tell you the facts. congressman ryan voted with us. he voted in the congress with...
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but as one gm executive told me, this ad crossed a line. it was, as they said, too outrageous and misleading for them not to respond to. the fact is, general motors has been building vehicles in china for many years. it's one of the largest carmakers in china. but no automakers sell cars made in the united states into china because of import duties and the costs associated with that. on the chrysler side, it's troubling that they would attack jeep, which has been serving the cornerstone of chrysler's comeback, and toledo, ohio, and detroit, michigan, where they are adding jobs, shifts in the plants and making more jeeps than ever before and can't keep them in stock long enough. so to suggest that they need to go elsewhere to build their jeeps is false. and the fact of the matter is, in the global auto industry today, particularly in china, the mantra is, build them where you sell them. so this idea that somehow american jobs are at risk, because of chinese production, really doesn't add up. >> let me go to steve rattner. i think for the peo
but as one gm executive told me, this ad crossed a line. it was, as they said, too outrageous and misleading for them not to respond to. the fact is, general motors has been building vehicles in china for many years. it's one of the largest carmakers in china. but no automakers sell cars made in the united states into china because of import duties and the costs associated with that. on the chrysler side, it's troubling that they would attack jeep, which has been serving the cornerstone of...
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when you look at ford and general motors after their quarterly reports, gm reported today. ford actually reported yesterday despite the stock exchange was closed. both reports were good. both beat the street. both are up arrows. ford is up 6 1/2%. gm is doing really well after beating the street. they are seeing numbers surpassing estimates. tomorrow, we'll be key for auto sales. we'll get in other economic news. weekly jobless claims. friday will be the jobs report. certainly everybody is trying to get back to a sense of normalcy here. i'm hearing about guys talking about sleeping in host tolls, going to homes with power. everybody is contending and juggling a lot as they try to continue to keep markets running smoothly. back to you. cheryl: nicole, thank you very much. got brakinging news. ashley: we certainly do. the "new york post" reporting that mayor bloomberg will temporarily be banning passenger cars from entering manhattan. of course this is the as the city struggles to recover from hurricane sandy. the streets today were absolutely at a standstill. took people hou
when you look at ford and general motors after their quarterly reports, gm reported today. ford actually reported yesterday despite the stock exchange was closed. both reports were good. both beat the street. both are up arrows. ford is up 6 1/2%. gm is doing really well after beating the street. they are seeing numbers surpassing estimates. tomorrow, we'll be key for auto sales. we'll get in other economic news. weekly jobless claims. friday will be the jobs report. certainly everybody is...
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both chrysler and gm are firing back at romney. chrysler ceo said in a statement jeep assembly lines will remain in operation in the united states and will con sstitute th backbone of the grand. it is inaccurate to suggest anything different. a gm spokesman told the detroit news, quote, we've clearly enter ed some parallel universe during the last few days, no amount of campaign politics at its cynical worst will diminish the record of creating jobs in the united states. remember, this new romney jeep ad claims that all factual statements in it, the implication is different, but the statements themselves say jeep is being built in china, which the ad says for the implication, of course, is this idea that they're moving some operations out of ohio to china and that's what both gm and chrysler are fighting back on is that perception. ohio papers pummeling romney for the ad. they called it a ploy in an editorial yesterday and said romney is flailing in ohio. and don't forget that detroit, where the free press is heavily criticized rom
both chrysler and gm are firing back at romney. chrysler ceo said in a statement jeep assembly lines will remain in operation in the united states and will con sstitute th backbone of the grand. it is inaccurate to suggest anything different. a gm spokesman told the detroit news, quote, we've clearly enter ed some parallel universe during the last few days, no amount of campaign politics at its cynical worst will diminish the record of creating jobs in the united states. remember, this new...